RTY Trading Testbed [Record = 14 for 64 | -3.70pts | -$185.00 per contract]

[PaceAdvantage]

Originally Posted by PaceAdvantage

Again

LONG RTY @ 1895.70
STOP @ 1892.70

NOPE

STOPPED OUT @ 1892.70

P/L = -3.00pts

Record = 14 for 50 | +85.90pts | +$4,295 per contract

[tamaharbor]

With all due respect...

With volatility in the markets the way it is, perhaps you shoud consider larger stops? I trade mini ES futures ($50 a point also), and my stop loss orders are typically no less than $500 (10 points).

[PaceAdvantage]

Originally Posted by tamaharbor

With all due respect...

With volatility in the markets the way it is, perhaps you shoud consider larger stops? I trade mini ES futures ($50 a point also), and my stop loss orders are typically no less than $500 (10 points).

There are times when I have larger stops...for just the reasons you state...if you check my history

[PaceAdvantage]

Here are my first 40 trades...I need to update this...but as you can see...

Trade #		P/L		Running P/L	Running $ P/L Per Contract
1		+16.7		+16.7		$835
2		+28.90		+45.60		$2,280
3		-10.40		+35.20		$1,760
4		-10.60		+24.60		$1,230
5		+33.10		+57.70		$2,885
6		+3.10		+60.80		$3,040
7		-4.00		+56.80		$2,840
8		-7.90		+48.90		$2,445
9		-3.80		+45.10		$2,255
10		-23.10		+22.00		$1,100 (REVENGE TRADE)
11		-4.50		+17.50		$875
12		-2.70		+14.80		$740
13		+34.60		+49.40		$2,470
14		-2.70		+46.70		$2,335
15		-6.00		+40.70		$2,035
16		-14.40		+26.30		$1,315
17		+34.40		+60.70		$3,035
18		+24.80		+85.50		$4,275
19		-3.30		+82.20		$4,110
20		-2.90		+79.30		$3,965
21		-4.00		+75.30		$3,765
22		-3.70		+71.60		$3,580
23		-2.30		+69.30		$3,465
24		-3.50		+65.80		$3,290
25		-6.10		+59.70		$2,985
26		-3.20		+56.50		$2,825
27		-2.70		+53.80		$2,690
28		+14.80		+68.60		$3,430
29		-2.80		+65.80		$3,290
30		-3.10		+62.70		$3,135
31		-10.70		+52.00		$2,600
32		-8.80		+43.20		$2,160
33		+40.20		+83.40		$4,170
34		+7.50		+90.90		$4,545
35		+22.50		+113.40		$5,670
36		-16.70		+96.70		$4,835
37		-11.70		+85.00		$4,250
38		+2.90		+87.90		$4,395
39		-5.60		+82.30		$4,115
40		+29.90		+112.20		$5,610

I think one of the reasons I am doing well is I am able to keep stops on the lower side when I deem necessary...thus I don't lose much when I lose, looking at my history above.

[PaceAdvantage]

And actually, I have been known to make my stops wider then my method calls for, as I did in my last couple of trades...which ultimately only ended up costing me more $$$

This thread continues to be a work in progress, as it was intended from the start, although not much has changed since the beginning...

[PaceAdvantage]

BTW, here is my performance for the first 3 months in the books...profit per month trading just a single contract...just realized I recently passed the three month mark in this thread

10/17 - 11/17 +4,275 per contract

11/18 - 12/17 -2,115 per contract

12/18 - 1/17 +3,550 per contract

[Tape Reader]

Anyone want to share how they determine a “solid” stop for intraday trading?

I’ll start: (bullish/bearish 15-minute or lower)

A high volume bar must be higher than previous bar.

Next volume bar must be lower than previous bar.

Price on second bar must not be lower than heavy volume bar. This is the buy in.

This low often holds until: heavier volume bar or end of day.

This is for intraday only and used in conjunction with other stuff.

[PaceAdvantage]

I think the only way to determine what a solid stop is for a particular strategy is to backtest it over thousands of trades.

Maybe it's the last swing high or swing low? Or maybe it's as simple as slightly above or below the high/low of the signal bar? Or maybe it's a high/low reading on an indicator? It all depends on what your strategy is...different stop methodologies might work better or worse.

There's no way of knowing unless you put it through a vigorous and honest test. At least that's how I go about it.

One stop does not fit all methods.

But probably start testing the simplest stops...as simpler is always better, usually...especially if you are backtesting and trying to automate a strategy.

[PaceAdvantage]

BTW, despite the above post I just made, I will tell you that the strategy I am using in this thread was never backtested at all...nothing about it was tested beforehand.

This is something I visualized on a chart one day...went back over some old data by hand and saw some promising stuff, and decided to just start posting here to see what happens.

So this thread is essentially my backtest...or live test, really.

It will probably fail eventually, because it is based on nothing but my eye and gut. But who knows...maybe for once I have seen something real and it lasts a while...

[lamboguy]

Originally Posted by PaceAdvantage

BTW, despite the above post I just made, I will tell you that the strategy I am using in this thread was never backtested at all...nothing about it was tested beforehand.

This is something I visualized on a chart one day...went back over some old data by hand and saw some promising stuff, and decided to just start posting here to see what happens.

So this thread is essentially my backtest...or live test, really.

It will probably fail eventually, because it is based on nothing but my eye and gut. But who knows...maybe for once I have seen something real and it lasts a while...

it seems that the best trade you put on had the tightest stop.. you gotta love it!

[PaceAdvantage]

lots of news today coming out in about 9 minutes...if it turns the market down, I will short...or if the market eventually turns down at some point, I will short today....in short, looking for an excuse to go short...lol

[PaceAdvantage]

a little weakness seems to be creeping in at the moment...perhaps I will get my short before the morning is over...

[PaceAdvantage]

SHORT RTY @ 1897.90
STOP @ 1916.50

[PaceAdvantage]

trade hasn't been stopped out yet...and nothing is telling me to get rid of it tonight...so...i'll check back in tomorrow morning

[PaceAdvantage]

Originally Posted by PaceAdvantage

SHORT RTY @ 1897.90
STOP @ 1916.50

Lowering stop to 1909.60...method says to get out now (at a loss)...but I want to at least hold through the 8:30 news in case this thing drops